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📊 Technical Analysis:
On the chart of $C, a falling wedge pattern is observed, which is often considered a bullish pattern. The price is gradually compressing within a narrow range, while the volumes are decreasing — a typical signal of a possible breakout. The current support is forming around 0.19–0.20$, while key resistances are located in the 0.23–0.25$ zone. A breakout of the wedge upwards could act as a catalyst for growth to higher levels, whereas a consolidation below support would open the way for a decline.
🔗 Fundamental:
Chainbase is a decentralized infrastructure platform for Web3 that addresses data storage and processing issues in blockchain. The project is focused on:
🔍 Real-time data indexing and queries;
⚡ High speed and scalability;
🔒 Data integrity and availability.
This technology is important for the development of dApps and smart contracts, as it provides developers with fast and reliable access to information from different blockchains.
💠 The $C token is used for:
payments for transactions within the network,
stimulation of participants ( validators, nodes ),
support for the platform's economic model.
Thus, the combination of strong fundamentals and a narrowing wedge on the chart creates the prerequisites for a potential upward movement upon confirmation of demand. 🚀
Do you want me to further analyze the growth scenario and the decline scenario with specific goals?